Home / Markets / Markets Analysis / Corn market / Grains starting spring lower

Grains starting spring lower

Jeff Caldwell 03/20/2012 @ 7:03am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Monday's CME Group slide in grain prices continued overnight and looks to at least start Tuesday's session on the same note, sources say. Early calls are corn 4-6 cents lower, soybeans 8-10 lower and wheat 5-7 lower, according to private sources.

As of 6:40 a.m. CDT, May corn futures were 7 1/4 cents lower at $6.56 1/4 per bushel, according to Barchart.com. May soybeans were 10 1/2 cents lower at $13.56 per bushel, while May wheat was 7 3/4 lower at $6.44 1/2.

On Monday, the grain markets divorced themselves from largely bullish outside markets, focusing instead on supply issues and looking ahead to the March 30 USDA Prospective Plantings report 10 days from now.

Meanwhile, with unseasonably warm temperatures, farmers are turning their attention to planting and any remaining fieldwork.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Soybeans blast off on strong processing data By: 04/15/2014 @ 3:27pm Soybean futures topped out Tuesday above $15/bushel for the first time in quite a while on news…

Farm Debt-to-Asset Ratios Lowest in 20 Years… By: 04/15/2014 @ 2:27pm Farm debt has increased a lot over the last two decades. Bad news, right? At the same time, general…

Corn Planting Sags; Wheat Worries Mount By: 04/15/2014 @ 9:21am Corn planting is underway in the U.S. That's the good news. The bad news is as of mid-April…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine